The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
As the Federal Reserve continues to gradually increase interest rates, it should be sure to not raise them too much or it could really affect the housing market, bond guru Bill Gross told CNBC on Wednesday.
The central bank announced Wednesday that it was raising rates, pushing the target range to 1.25 percent to 1.5 percent. It also indicated it expects to hike three times in 2018.
"A lot [of mortgages] are variable, floating-rate mortgages. And to the extent that the Fed has already raised interest rates by 75 to 100 basis points and is expect to raise by another 50 to 100 that affects the average monthly payments."
He compared it to a similar situation in 2005 and 2006 when the Fed boosted rates to 5.25 percent, although he noted that was a more extreme case.
"It affected the floating-rate mortgages, the subprime mortgages, and it created a crisis," Gross said.
As for those who may think the central bank could hike more aggressively next year, Gross disagrees. He's predicting two to three increases.
That's because he believes the federal funds need to be at a zero percent real rate; for example a 2 percent fed funds rate coupled with 2 percent inflation.
"That's where the Fed is trying to go, although inflation is not sort of abiding by their future projections." Gross said.